“Valkommen presents its buyers with a unique opportunity to square a well-maintained, safe independent senior community of scale only a short distance from a major metro area,” said Shoemaker. “The property is well-positioned to add value and drive revenue for the next phase of its life. 

Valkommen Plaza is a nine-story, elevator building with commercial spaces on the first floor, providing excellent amenities including a beauty salon, police sub-station and grocery for the local community.  

In addition to the commercial spaces, every resident enjoys a storage locker and on-site laundry facilities, as well as a large lobby and community room which leads to a second floor roof. 

The property itself recently received a number of upgrades, including a roof replacement, new elevator machines, a new transformer and central air handlers. A number of unit kitchens and baths have also been updated. The building is an excellent combination of good current maintenance conditions, coupled with the opportunity for improvement.

Rockford, Ill., boasts a population of 150,000 just 70 miles northwest of Chicago on Interstate 90. Officials just announced a $200M planned development for a Hard Rock Cafe casino and hotel in the city.